Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert Graham who wrote (15107)	3/28/1998 10:15:00 PM
From: Johnny Canuck	of 68398

Robert, It seems you follow sector rotation pretty closely.I was wonder if you are seeing any significant action in the small caps. I had my broker run the Bloomberg money flow for INTC, MSFT, CSCO, ORCL and the SPY. INTC is still negative. MSFT is now flat despite the last recent run up in price. CSCO was declining and is now flat for a few weeks now. ORCL money flow pretty well much followed the price action and is now up. The SPY is still up. Since INTC, MSFT, CSCO and ORCL make up about 40 to 50 percent of the NASDAQ index if I remember right and they are pretty well much overbought based on the technical and money flow, for the NASDAQ to go higher the small caps have to start to move. I have not seen any significant action on the small caps I track I was wonder if you see any. I will try to look at the Russell small cap index this weekend, but I am looking for other input. If there is no action it will be a good time to take a very defensive position. This is a good site for sector rotation tracking. securitytrader.com Harry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next